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Iran Says It Received Official US Counter-Proposal On Ending The War

Tyler Durden's Photo
by Tyler Durden
Authored...

At a moment there are widespread reports that Persian Gulf exports are fast recovering, there are simultaneous emerging albeit delayed reports of new tanker attack incidents that happened Tuesday.

On apparent crude transit recovery amid continued deep uncertainty, "For now, that reduces fears of an immediate crude shortage and explains why prices can fall even though talks between the US and Iran have made no clear progress," Simon-Peter Massabni from XS.com says. "The market's main question is whether this faster pace of shipments can be sustained through October."

But the UK's Maritime Trade Operations agency has announced more vessel incidents which looked to have happened on Tuesday. Three distinct incident advisories detailing strikes on vessels within the region. The affected ships included a liquefied natural gas carrier and a crude oil tanker, both of which were reportedly impacted by unidentified projectiles - with little other details known.

via cntraveler

We reported earlier on one of the three assaults, which involved a Very Large Crude Carrier in the Strait of Hormuz getting hit by a drone, after which a fire briefly erupted but was extinguished, and the tanker traversed on, and with no casualties.

In the meantime Islamic Revolutionary Guard Corps (IRGC) spokesman Hossein Mohebbi has proclaimed that there is a "military conflict" in the Strait of Hormuz on a daily basis but that the US is not responding.

"We have been hitting small ships and preventing them from passing for a long time, but America does not respond," Mohebbi told semi-official Fars news agency.

Axios late in the day Tuesday had cited "little progress" in US-Iran indirect talks, with on Wednesday an Al Jazeera correspondent saying that Washington has submitted a counter-proposal to Tehran. Here's more from Axios which basically contradicts much of their own earlier in the week reporting:

Efforts this week by Qatari mediators to broker a diplomatic breakthrough between the U.S. and Iran have made little progress, with neither side willing to budge, according to three sources familiar with the talks. The stalemate bolsters the belief on both sides that a renewed military conflict is becoming more likely. U.S. officials think President Trump could order a return to major combat operations after the midterms.

On the counter-proposal: "So far, we have no idea what Iranian Foreign Minister Abbas Araghchi received from the US through Qatari mediators," Al Jazeera writes. "But we know he has received a proposal and presented it to the Iranian cabinet, opening it up for discussion."

According to more:

Iranian Foreign Minister Abbas Araghchi presented the U.S. response to President Masoud Pezeshkian at a Cabinet meeting, government spokesperson Fatemeh Mohajerani told the state-run IRNA news agency.

"We will make every effort to bring the agreement to fruition and will firmly stand up for the rights of the Iranian people," Pezeshkian said. "The agreement must now be based on a win-win strategy."

Some additional, though scant details:

Iranian Foreign Minister Abbas Araghchi received U.S. feedback via Qatari mediators in Doha on Tuesday on a seven-day plan aimed at building trust between Washington and Tehran, with sequencing the main sticking point, Reuters reported. Reuters said the Qatari mediators conveyed the feedback they had received from Washington on Monday, meeting Araghchi and his team on their way back from the United States.

President Trump had over last weekend made clear he he was rejecting Iran's initial proposal for a 7-day ceasefire plan and roadmap to peace. But clearly there's still some important messaging taking place via Qatar, and now that the Iranian officials who traveled to New York for the UN General Assembly are back in Tehran.

Qatar also feeling deep economic pain:

Al Jazeera has some solid commentary from a regional watcher on the big picture and where things stand, also as the Iranian economy is obviously taking big hits:

The United States and Iran are under intense pressure to end the conflict with Tehran’s economy reeling from expanding US sanctions and President Trump looking for a political victory ahead of midterm elections in November, an analyst says.

“Both sides are suffering pressure,” said Luciano Zaccara, an adjunct associate professor at Georgetown University in Qatar.

“Iran needs to get something in exchange for lifting the blockade [of the Strait of Hormuz]. They need the release of sanctions, they need to get money or else the economy will be totally devastated.”

The US, meanwhile, needs to “get out of this mess” in a way in which Trump can plausibly claim to have “won something”, added Zaccara.

The alarming alternative, which could be unleashed at any moment, is that either side could attempt to further bomb their way out of the standoff while seeking to impose new red lines toward getting what they want.

More Latest Developments

via Newsquawk...

  • The Iranian government spokesperson said Foreign Minister Araghchi presented President Pezeshkian with a US proposal following his New York trip, which included discussions on Iran’s conditions for reopening the Strait of Hormuz, IRNA reported. This followed a Reuters report, which also highlighted that the main dispute between the US and Iran does not concern the components of the plan itself, but rather the order of operations and the stages of implementation of the seven-day framework.
  • US White House is reportedly tempering expectations of an imminent breakthrough between US-Iran, Semafor reported, with a source suggesting that "the bar is being raised very high."
  • A senior source said mediators are working to return negotiations to a broader track that includes the nuclear issue, Al Hadath reported.
  • US-Iran talks and efforts by mediators this week yielded little progress, raising the odds of renewed combat, while Qatar will continue efforts despite growing frustrations with both sides, according to Axios.
  • IRGC aerospace advisor said Iran can sustain current missile firing rates for years and the era of attacks without response is over.
  • UKMTO said that a crude oil tanker was struck on the port side by an unknown projectile in the Strait of Hormuz on September 29th. Following this, UKMTO separately reported that an LNG tanker was struck by an unknown projectile on September 29th within the Strait of Hormuz.
  • An incident was reported on a plane flying from Dubai to Tel Aviv, with recent reporting suggesting that the incident was a terrorist attack, Al Jazeera reported. The report suggested that the co-pilot who stabbed the other pilot was of Omani origin.
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